Global wetsuits market size is estimated to grow at a CAGR of over 4% from 2016 to 2023. Increasing demand for luxury sports is likely to boost the industry over the forecast period. Water sports need waterproof apparel with various characteristics such as breathability and thermal padding. Growing urbanization accompanied by dual-earning households is likely to increase disposable income and contribute to consumption.
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U.S. wetsuits market size was estimated at over USD 110 million in 2015, with the regional surfing industry valued at over 7 billion in the same year. U.S. triathlon market revenue was over USD 2.5 billion in 2014, which is expected to prove favourable for wetsuit sales.
Surging usage of the garment among triathletes, divers, surfers, windsurfers, and individuals engaged in other water sports is predicted to propel wetsuits market share from 2016 to 2023.
Neoprene contains small nitrogen gas bubbles, which reduce transport of heat via gas by convection similar to cloth fabric. The suits are required to have snug fit for working efficiently when immersed. Loose fitting may allow outside cold water to enter continuously, especially from the openings at cross joints. These suits provide buoyancy, abrasion resistance, and thermal insulation as they are produced using foamed neoprene. The insulation is directly proportional to the gas bubbles enclosed in the garment material. This in turn helps in reducing heat conduction capacity.
The suits are mainly used for thermal insulation when the user is immersed in water or frequently drenched with heavy spray. Activities such as sailing, underwater diving, river rafting, surfing, white-water kayaking, endurance swimming, and sea rescue operations are anticipated to fuel wetsuits market growth. Growing participation of women in water sports is also expected to boost demand.
umerous companies are now focusing on manufacturing eco-friendly wetsuits by using various earth-conscious materials as well as production techniques. This includes utilization of natural rubber as a substitute to neoprene, use of recycled plastic bottles, and use of water-based glue instead of solvent-based materials for lamination purposes. As these suits have minimum seams, tailored fit body lines, and are anatomically correct, they allow unhindered warmth and superior performance.
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Semi-dry suits are effective costumes with efficient seals at the neck, ankles & wrist and zipper. This seal prevents water from entering inside and the user remains comfortable in spite of getting wet. Furthermore, the trapped water does not affect the insulating ability. These are usually produced from thick neoprene that provides high thermal protection at low levels. However, it loses its buoyancy and thermal protection abilities as the gas bubbles compress at depth. These are most appropriate for use where the water temperature ranges from 50° F to 68° F.
This latest Wetsuits Market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across number of regional markets. The report also analyzes the Wetsuits industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.
Browse key industry insights spread across market data tables, figures & charts from the report, “Wetsuits Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2016 – 2023.” in detail along with the table of contents:
Key Insights in this Report
- Global Wetsuits Market size & forecast by product & application
- Growth drivers, pitfalls & industry challenges
- Key Wetsuits Market growth opportunities & emerging business models
- Competitive benchmarking with market share analysis and company profiles
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